Fri Feb 23, 2018
The American Automobile Association reports that the U.S. gas price average has been steadily decreasing for nearly two weeks, dropping from the year-to-date high of $2.61 on Feb. 5 to a national average of $2.53 as of Feb. 20. Midwest and Southern states are seeing the largest price drops with only Hawaii (+2 cents) and Indiana (+1 cent) being the only states to see increases.
U.S. average gas prices as of Feb. 20 are 4 cents less than one week ago, one cent more than a month ago, and 25 cents more than a year ago.
“The question isn’t how low will they go, but how long will we see prices decline,” said Jeanette Casselano, AAA's director of public relations. “A handful of major refineries are undergoing maintenance. If production slows at a high rate and/or if crude oil prices jump, these events could push pump prices back up in late February or March.”
The largest monthly decreases are: Michigan (-19 cents), Illinois (-13 cents), Ohio (-13 cents), Kentucky (-10 cents), Indiana (-8 cents), Alaska (-5 cents), Maryland (- 5 cents), Georgia (-5 cents), Mississippi (-4 cents) and North Carolina (-4 cents).
For more information see AAA's web site.